Ashton Thomas Private Wealth LLC Decreases Holdings in DRDGOLD Limited $DRD

Ashton Thomas Private Wealth LLC trimmed its position in DRDGOLD Limited (NYSE:DRD) by 13.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 105,119 shares of the basic materials company’s stock after selling 15,937 shares during the quarter. Ashton Thomas Private Wealth LLC owned 0.12% of DRDGOLD worth $1,626,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in DRD. Dimensional Fund Advisors LP increased its stake in shares of DRDGOLD by 28.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 103,465 shares of the basic materials company’s stock worth $893,000 after buying an additional 23,138 shares during the period. Jane Street Group LLC increased its stake in shares of DRDGOLD by 29.8% in the fourth quarter. Jane Street Group LLC now owns 111,101 shares of the basic materials company’s stock worth $959,000 after buying an additional 25,522 shares during the period. Ameriprise Financial Inc. increased its stake in shares of DRDGOLD by 10.0% in the fourth quarter. Ameriprise Financial Inc. now owns 15,779 shares of the basic materials company’s stock worth $136,000 after buying an additional 1,438 shares during the period. Bank of America Corp DE increased its stake in shares of DRDGOLD by 47.2% in the fourth quarter. Bank of America Corp DE now owns 16,732 shares of the basic materials company’s stock worth $144,000 after buying an additional 5,364 shares during the period. Finally, Millennium Management LLC increased its stake in shares of DRDGOLD by 61.7% in the fourth quarter. Millennium Management LLC now owns 53,669 shares of the basic materials company’s stock worth $463,000 after buying an additional 20,475 shares during the period. 14.70% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DRD. Wall Street Zen downgraded shares of DRDGOLD from a “strong-buy” rating to a “buy” rating in a research report on Sunday, August 17th. Zacks Research raised shares of DRDGOLD from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 25th. Finally, HC Wainwright boosted their price objective on shares of DRDGOLD from $16.25 to $18.75 and gave the company a “buy” rating in a research report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating and one has issued a Buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Strong Buy” and a consensus target price of $18.75.

DRDGOLD Stock Up 0.7%

NYSE:DRD opened at $21.66 on Wednesday. The firm’s 50-day moving average price is $15.70 and its 200-day moving average price is $14.82. DRDGOLD Limited has a 1-year low of $7.64 and a 1-year high of $21.87.

DRDGOLD Increases Dividend

The company also recently declared an annual dividend, which will be paid on Monday, September 22nd. Investors of record on Friday, September 12th will be paid a $0.2269 dividend. This represents a yield of 170.0%. The ex-dividend date is Friday, September 12th. This is a positive change from DRDGOLD’s previous annual dividend of $0.16. DRDGOLD’s dividend payout ratio (DPR) is presently 19.84%.

DRDGOLD Company Profile

DRDGOLD Limited, a gold mining company, engages in the surface gold tailings retreatment business in South Africa. It also involved in the exploration, extraction, processing, and smelting activities. The company recovers gold from surface tailings in the Witwatersrand basin in Gauteng province. DRDGOLD Limited was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004.